Social Platform
Where Users Earn

The Only1 team went to the first Solana Conference - Breakpoint in Lisbon November 2021. It was a pivotal event in Only1's history when it was made obvious to the team that the Solana blockchain is the keystone technology on which the future of web 3.0 social is built. When Only1 completed its fund raise led by Alameda Research around July 2021, the project was 1 of the first 100 in the Solana ecosystem, and the first project aiming to disrupt the social network space.

At the Breakpoint conference, our founder Leon spoke to the audience about how the combination of NFTs and DeFi on Solana may be the innovation needed to create the new creator economy on web 3.0. In the centralized social networks, advertisers pay the platform for the value users create. In a decentralized social network, creators are rewarded fairly where the users gets paid for the value they create. Decentralized content moderation and control over personal data are two other key factors which would be the next steps after building the foundations.

Building a web 3.0 social network is not a small endeavor. The foundations of Only1 features the creator staking pools that allow users to stake LIKE to earn APY that correlates with the creator's social media activities, the creator also earns a small % of their TVL where the reward token comes from the platform revenue. Users can connect to the platform using different browser wallets and set up their own user profiles. Superfan NFTs can be traded on the marketplace while creators can launch their NFTs through Initial NFT Offering on the NFT launchpad. This Lisbon development stage represents the beginning of the creator economy on web 3.0, enabling the adoption by creators, brands, and users alike to monetize and social in a decentralized manner.